Retirement Planning

Retirement Goal Setting:

The client's planning team will develop a comprehensive retirement plan based on the client's goals, sources of income, expenses, and lifestyle. Clients are given access to a secure portal for a complete and comprehensive view of their personal planning resources.

Net Worth Modeling and Projections: 

We utilize eMoney Advisor financial planning platform to forecast changes in net worth based on Monte Carlo simulation, assumptions on current assets, cash flow, inflation, and investment growth.

Social Security, Pension, and Annuity Analysis: 

We evaluate and determine the optimal start date for social security, pension lump sum or lifetime income options, and review any existing annuities for our clients.

Tax Efficient Distributions in Retirement: 

The client's planning team will design tax efficient withdraw strategies based on our client's spending goals, tax situation, Required Minimum Distributions (RMD), and how accounts are structured. We also evaluate opportunities for Roth conversions and Qualified Charitable Distributions (QCD).

Tax Planning

Tax Return Review:

The planning team will utilize Holistiplan tax software to assist in analyzing our client's current situation, coordinating with their tax professional to evaluate options for potentially reducing their tax burden.

Tax-Efficient Investing:

We review client’s cost basis and gains, assess their income and carry-forward losses to develop strategies for realizing any gains. Client portfolios utilize municipal bonds, individual stocks, low portfolio turnover, and tax-loss harvesting. Annually, we assess the feasibility of roth conversions and optimize withdrawal strategies.

Estate and Gift Tax:

The planning team will coordinate with our client's Estate Planning attorney to explore strategies to reduce any potential burden. We evaluate vehicles such as Donor Advised Funds, and strategies such as Qualified Charitable Distributions and family gifting techniques.

Business Owners and Executives: 

We initiate a comprehensive review of our client's tax return, evaluate retirement plan opportunities, analyze strategies for stock options, and deferred compensation, to determine optimal approach.

Business Owner & Executive Planning

Retirement Plans for Employees:

We evaluate and recommend different types of plans based on the size of the company and objectives of the employer.

Optimizing Cash Resources: 

We analyze the current and future cash needs of the business, and balance that with the family's needs for investing to achieve their long term family goals.

Executive Compensation: 

We examine stock grants and company outlook to devise tax-efficient strategies for divesting from a concentrated position, recommending investment options and the role of a Deferred Compensation Plan.

Business Succession: 

We provide guidance in assessing the current value, identifying key drivers to enhance value, evaluating internal and external transitions, current buy/sell agreements and aligning the sale with personal goals.

Estate and Charitable Planning

Estate Plan Document Review:

The client's planners will coordinate with their Estate Planning attorney or introduce our client to an experienced Estate Planning attorney, to update their existing documents or to establish new legal documents, which may include a Trust, Will, Power of Attorney, and Medical Directives.

Asset Titling & Beneficiary Designations: 

We look for consistency in asset titling and beneficiaries within Wills and/or Trusts to ensure they reflect that asset will be distributed in accordance with our clients' wishes.

Strategies to Reduce Estate Tax:

We model our clients' net worth to project an estimated estate value and work with their estate planning attorney to explore strategies to reduce any potential tax burden.

Gifting & Legacy Strategies: 

We examine a variety of strategies and vehicles such as Donor Advised Funds, approaches to family gifting, and charities to achieve our clients' financial goals and objectives.

Risk Management & Insurance Planning

Review of Existing Policies:

The planning team will evaluate our clients' current policies for alignment with their goals and objectives and partner with independent professional resources when appropriate.

Long-Term care Analysis: 

We model the potential impact of a long-term care event to our clients' net worth so together we can better evaluate their options.

Life & Disability Insurance Analysis: 

We assess the level of need based on our clients' financial situation.

Medicare Options & Assessment of Health Insurance:

We will coordinate with our independent professional resources to recommend the appropriate health or Medicare & Supplemental coverage based on our clients' goals.

Investment Planning

Tax-Sensitive Investing:

We analyze our clients' tax circumstances including cost basis, carry-forward losses, and we implement a strategy utilizing tax-efficient bonds, individual stocks, tax-loss harvesting and low portfolio turnover.

Periodic Review of Outside Investments: 

As a fiduciary, we have the ability to advise our clients on the allocations of their employer-sponsored retirement plans and other accounts outside of our management.